Electric

Tesla Drops 'Motors' From Company Name

February 1, 2017
• by Staff

Photo by Eric Gandarilla.

Tesla Motors Inc. has changed its name to Tesla Inc. to reflect CEO Elon Musk's desire to transport the company into a more diverse energy company rather than just an electric car maker, reports Reuters.

In November, Tesla acquired SolarCity for about $2 billion.

In August, Tesla hired fleet industry veteran Michael Stafford as its North American corporate sales manager.